BFW 07/23 05:05 *SYNGENTA 1H ADJ. EPS $14.70; EST. $13.52
BN 07/23 05:05 *SYNGENTA 1H ADJ. EPS $14.70; EST. $13.52
BN 07/23 05:05 *SYNGENTA 1H ADJ. EPS $14.70; EST. $13.52
Syngenta 1H Adj. EPS Beats Estimates; Confirms 2015 Outlook
2015-07-23 05:06:55.867 GMT
By Chiara Remondini
(Bloomberg) -- Syngenta 1H adj. EPS $14.70, est. $13.52.
* 1H sales rise 3% to $7.63b at constant FX vs est. $7.66b;
prices up 6%, volumes down 3%
* Says 2Q sales up 7% with growth in all regions
* 1H Ebitda $2b, est. $1.91b; says reported Ebitda 5% lower
due to FX
* CEO Mike Mack says in statement outlook for 2H largely
dependent on Latin America, where is confident on ability to
manage business in uncertain environment
* Confirms 2015 outlook
* NOTE: Outlook (repeated April 17): maintained full-yr
earnings target for sales broadly unchanged at constant FX;
Ebitda after impact of currencies to be around 2014 level;
expected to generate substantial FCF
* Preview
* Link to Statement
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-07-23 05:06:55.867 GMT
By Chiara Remondini
(Bloomberg) -- Syngenta 1H adj. EPS $14.70, est. $13.52.
* 1H sales rise 3% to $7.63b at constant FX vs est. $7.66b;
prices up 6%, volumes down 3%
* Says 2Q sales up 7% with growth in all regions
* 1H Ebitda $2b, est. $1.91b; says reported Ebitda 5% lower
due to FX
* CEO Mike Mack says in statement outlook for 2H largely
dependent on Latin America, where is confident on ability to
manage business in uncertain environment
* Confirms 2015 outlook
* NOTE: Outlook (repeated April 17): maintained full-yr
earnings target for sales broadly unchanged at constant FX;
Ebitda after impact of currencies to be around 2014 level;
expected to generate substantial FCF
* Preview
* Link to Statement
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net